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Dividend History
Eastern Cement shareholders approve 25% dividend for 2020
Eastern Province Cement Co.’s shareholders approved a 25% cash dividend, at SAR 2.5 per share, for 2020, during the ordinary general meeting held on April 11, 2021.
|
Dividend Details (2020) |
|
|
Current Capital |
SAR 860 mln |
|
Number of shares |
86 mln |
|
Dividend |
SAR 215 mln |
|
Percentage of Capital |
25% (SAR 2.5 per share) |
|
Record date |
April 11, 2021 (Shareholders registered with the Securities Depository Centre (Edaa) at the end of the second trading day following the maturity date) |
|
Payment date |
April 28, 2021 |
Shareholders also delegated the board of directors to distribute interim dividends on semi-annual or quarterly basis for 2021.
In addition, shareholders gave the go-ahead for the forming the audit committee and setting the remuneration for its members, starting from the meeting date to the end of the current term on Jan. 28, 2024. The committee members include Ibrahim Al Rwayes (non-executive),Waleed Mohammad Al Jaafari (independent), Abdulaziz Abdulrahman Al Khonin (independent), Majed Saleh Al Rajhi (independent) and Jasem Shaheen Al Rumaihi (non-board member as an independent candidate specializing in financial and accounting fields).
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 07/03/2021 | 11/04/2021 | 28/04/2021 | 215.00 | 2.50 | |
| 18/03/2020 | 14/04/2020 | 27/04/2020 | 129.00 | 1.50 | |
| 19/03/2019 | 30/04/2019 | 15/05/2019 | 64.50 | 0.75 | |
| 21/03/2018 | 08/05/2018 | 24/05/2018 | 86.00 | 1.00 | |
| 14/02/2017 | 10/04/2017 | 27/04/2017 | 129.00 | 1.50 | |
| 23/02/2016 | 29/03/2016 | 17/04/2016 | 215.00 | 2.50 | |
| 15/02/2015 | 31/03/2015 | 14/04/2015 | 215.00 | 2.50 | |
| 13/02/2014 | 19/03/2014 | 02/04/2014 | 301.00 | 3.50 | |
| 17/02/2013 | 17/03/2013 | 27/03/2013 | 344.00 | 4.00 | |
| 12/02/2012 | 18/03/2012 | 28/03/2012 | 301.00 | 3.50 |
Dividend History
| Consolidated cash dividend | Cash dividend per share (SAR) | * The stock price at the beginning of the period (SAR) | Return on the base price |
|---|---|---|---|
| Last 3 Financial years | 4.75 | 26.45 | 17.96 % |
| Last 5 Financial years | 7.25 | 31.66 | 22.90 % |
| Last 10 Financial years | 23.25 | 45.80 | 50.76 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 13.64 |
| P/E Before Unusual Items (TTM) | 11.89 |
| P/BV | 1.23 |
| Dividend Yield | 4.20 % |
| Market Cap. (M) | 2,992.80 |
| Return on Average Assets | 7.70 % |
| Return on Average Equity | 9.18 % |
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